Goldman Sachs Sees U.S. Dollar Holding Firm as Strong Economic Data Supports Outlook 
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Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
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 - EconoTimes)
Metal pack is mixed, while precious is up, industrial is in red. Performance this week at a glance in chart & table -
Gold -
- Gold gained further ground post-FOMC. Today's range - $1127-$1142
- Gold is currently trading at $1137/troy ounce. Immediate support lies at $1090 and resistance at $1125 area.
Silver -
- Silver has broken above $15 area, as FED is kept rates steady. Today's range $15.43-15.03
- Silver is currently trading at $15.2/troy ounce. Support lies at $14 & resistance at $16.
Copper -
- Copper is worst performer today as Chile earthquake failed to raise concern over supply. Today's range $2.47-2.37.
- Active call -Buy Copper @ $2.44 with targets at $2.55, $2.65, $2.75 and stop loss around $2.24/pound.
- Copper is currently trading at $2.38/pound, immediate support lies at, $2.24, 2.29 & resistance at $2.5.
|
Gold |
+2.71% |
|
Silver |
+4.18% |
|
Copper |
-3.09% |
